Results of the last trading day:
On Friday, April 6, trading in the euro / dollar closed higher. High volatility in the currency market observed during the day. At auction in Europe before going NFP euro dropped to 1.2215. After the release of ambiguous data common currency has risen to the US dollar to 1.2291 (76).
In March, it was created 103 thousand new jobs vs. 190 thousand figure for January was revised from 239 thousand to 176 thousand in the US non-farm payrolls, February -...... From 313 thousand to 326 thousand General review was minus 50 thousand . work places. The unemployment rate remained at 4.1%. Average monthly salary increased by 0.3% after a 0.1% increase in February.
labor market data came out mixed in the United States. On the one hand, the number of new jobs was lower than expected, plus a significant revision of the data for January to the downside. On the other hand, the average hourly salary exceeds the previous value. And this figure is important for the US Federal Reserve.
On US statistics collapsed yield on 10-year bonds, and with it the dollar.
Planned statistics (GMT +3):
At 05:45 Switzerland said the change in the unemployment rate for March.
At 09:00 Germany will report to change the balance of trade and balance of payments in February.
At 10:30 Britain will present the house price index from Halifax March.
At 11:30, the euro zone will release an indicator of investor confidence from Sentix in April.
At 15:15 Canada will report on changes bookmarks of new foundations for March. At 17:30 Canada publish a quarterly review of the economic conditions and prospects of development of business of the Bank of Canada for the 1st quarter.
Fig. 1 euro / dollar, hour period. Data source: TradingView
On the day peyrolsa I do not make predictions, because NFP unpredictable figure. The labor market report contains too many components that have a strong impact on the dynamics of the dollar. Therefore, the high risks to get a loss in Exact time news.
At the time of writing, the euro is worth 1.2277 review. Outlook I showed expectations for the euro to the environment. Since Friday, the market was closed by growth, then the idea should be viewed against the motion Friday. But the weekly pattern (window to 120 bars), and time cycles point to continued growth.
Dollar in Asian trade shows mixed against other major currencies. Most of the crosses with the euro traded in the red, yield US10Y - in the black. The price may revert to 1,2260 (Lb), but I think it will decrease when buyers shifted a maximum of 1.2291 to 1.2311. Especially because at the NFP broke through trend line.
Forecast EUR / USD today Vladislav Aton Alpari